Earlier we posted that Skyfire 2.0 has become available for the iPhone and iPod Touch, bringing Flash video playback to iOS. That’s the good news. The bad news is that Skyfire is a pretty big let down. The $2.99 pricetag (which is currently a discount, according to the app description) is too big of a price to pay for a product that haphazardly does what it’s supposed to. Not only does it offer poor performance as a web browser when there is no Flash content (the browser would often stutter and momentarily freeze while moving and panning around a page), but when you add Flash, expect to wait up to 60 seconds to see the video start feeding. While some Flash websites work (South Park Studios, ABC), many do not (Hulu, Fox). Additionally, you won’t be able to interact with any Flash elements…Skyfire can only play video. Overall, if this were a free app, we’d encourage you to give it a try. But even at $3 we just can’t recommend that you pay for this. If you’re still interested, grab it on iTunes.

Update: Looks like Skyfire has been pulled from the app store. There’s a sign on their website that “Sold out”. Uhm…what?

Update 2: According to Engadget, Skyfire pulled the app because their servers were having difficulty keeping up with the demand.